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Crypto Market Maker Balance Sheet Crisis Sparks Market Slide

Recent declines in the cryptocurrency markets are largely attributed to liquidity strains faced by market makers, potentially driven by recent massive liquidations. Industry experts suggest that this ongoing turmoil could persist for weeks, impacting Bitcoin, Ethereum, and broader crypto assets. As market makers, who provide essential liquidity, grapple with holes in their balance sheets, the crypto ecosystem faces continued volatility and uncertainty. Market maker liquidity issues are believed to have contributed to recent crypto market declines following the October 10 crash. Massive liquidations — totaling $20 billion — have caught market makers off guard, forcing them to shrink their balance sheets. Crypto analyst Tom Lee compares market makers to central banks, emphasizing their crucial role in maintaining market liquidity. Bitcoin has retraced from over $121,000 to approximately $86,900 amid the ongoing liquidity crunch. Experts suggest a potential weeks-lon...
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Ex-Prosecutor Denies Promise to Drop Charges Against FTX Exec’s Partner

In a high-profile hearing related to the collapse of FTX, U.S. prosecutors shed light on the legal proceedings involving key executives and ongoing investigations. Danielle Sassoon, an assistant U.S. attorney involved in the case, testified regarding the plea deal and sentencing of FTX’s former co-CEO, Ryan Salame, amidst mounting scrutiny over potential misconduct and the broader fallout from the crypto exchange’s bankruptcy. Ryan Salame received a sentence of over seven years after pleading guilty to charges linked to FTX’s collapse. Prosecutors indicated they would likely halt further investigation into Salame if he cooperated with the plea deal. Michelle Bond, involved in campaign finance charges related to FTX funds, is contesting her case amid claims of prosecutorial misconduct. The ongoing legal saga highlights the complexities and legal fallout from the FTX implosion, which occurred over three years ago. During a Thursday hearing in the U.S. District Court f...
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CFTC Chair Nomination Moves Forward in Senate Committee Vote

Michael Selig's nomination to lead the U.S. Commodity Futures Trading Commission (CFTC) is progressing through Senate approval, signaling potential shifts in crypto regulation. As his confirmation nears, key debates over digital assets and DeFi governance are expected to influence the agency's future stance on cryptocurrency markets and blockchain innovations across the United States. Michael Selig’s CFTC nomination advances to a Senate vote after committee approval, amid bipartisan concerns. Selig’s confirmation hinges on support from at least 50 senators in a closely divided Senate. The current CFTC faces continued leadership gaps, with only one commissioner in place since September. The agency is actively working on digital asset regulation as part of a White House-led “crypto sprint.” Major decisions on crypto trading and DeFi regulation remain on the horizon as new leadership discussions unfold. Michael Selig’s bid to become the next chair of the U....
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Can Bitcoin Reach $100K Again After Nvidia's Strong Earnings?

Bitcoin’s recent price movements reflect an ongoing tug-of-war between bullish structures and bearish technical signals, amid broader macroeconomic influences. After a brief attempt at recovery spurred by Nvidia’s strong earnings, crypto markets experienced renewed volatility, with Bitcoin dipping below key support levels. As traders assess potential future paths, market analysts highlight possible consolidation phases and bearish scenarios that could lead to significant drops, emphasizing the importance of technical patterns and macroeconomic factors in the current cryptocurrency climate. Bitcoin shows signs of a potential consolidation phase between $85,000 and $100,000, mirroring a bullish reversal fractal from Q1 2025. An oversold weekly RSI and technical patterns suggest Bitcoin could find local support before retesting higher resistance levels. Some analysts warn of a possible breakdown from a rising wedge pattern, projecting a long-term target near $30,000. Mar...
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Top BTC Price Levels to Watch in 2023

Amid ongoing volatility, Bitcoin continues to navigate turbulent market conditions with key support levels tested and traders eyeing potential short-term rebounds. As the cryptocurrency hits six-month lows, market sentiment remains cautious, yet some analysts see promising signs of a bullish reversal if Bitcoin can reclaim critical price levels. With upcoming economic data and significant liquidity zones, Bitcoin's short-term trajectory could hinge on pivotal price movements and investor reactions in the coming days. Bitcoin's price has fallen to a six-month low around $88,267 amid broader crypto market declines, but traders are optimistic about a possible rebound towards $98,000. Market analysts emphasize that reclaiming $97,000–$98,500 is crucial for flipping momentum to bullish, with failure risking continued downside dominance. Despite recent declines, significant accumulation zones remain, including a strong demand area between $94,000 and $95,000, supporting potential rec...
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Aztec Unveils Among Ethereum’s Rare Fully Decentralized Layer 2 Solutions

Ethereum’s Layer-2 ecosystem continues to evolve, with Aztec launching its mainnet Wednesday. Although currently functional only in a limited capacity, this milestone marks Aztec’s transition toward a fully decentralized network. The launch underscores the growing emphasis on privacy-focused solutions and decentralization within the blockchain space, fueling momentum around secure and autonomous scaling solutions for the crypto markets. Aztec has launched its “Ignition” mainnet, a trustless, partially functional Ethereum layer-2 network focused on privacy and decentralization. The protocol has renounced ownership of its core contracts, making it one of the few fully community-launched L2s in Ethereum’s ecosystem. Aztec staking has gone live, enabling token holders to participate in network consensus and earn rewards, with the current staked amount at 107.2 million AZTEC tokens. The ongoing token sale has raised over $2.7 million from whitelisted community members, wit...
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DATE MENA Kicks Off on 26 November in Dubai

Dubai, UAE – 20 November  – On 26 and 27 November 2025 at Madinat Jumeirah, Dubai will host the region's most dynamic forum for technology, innovation, and digital transformation — DATE MENA. Organised by Trescon, DATE is a Digitization, AI & Emerging Technology Summit. Over two days, the event will bring together 1,000+ pre-qualified business leaders, tech innovators, investors, enterprise buyers, and regulators to explore the technologies redefining industries and shaping the future of MENA. As a high-impact platform, DATE MENA brings 40+ international and regional speakers delivering actionable insights across AI, Blockchain & Digital Assets, Cybersecurity, Immersive Technologies, Digital Entrepreneurship, Financial Innovation, Customer Experience, Quantum Computing, Cloud, Hybrid, and HCI solutions. This year's agenda features some of the summit's most anticipated conversations including Dr Marwan AlZarouni on Dubai's AI and blockchain innovations; an AI in ...
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